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Stock impact report

Ormat wins 15-year agreements for energy storage facilities in Israel [Yahoo! Finance]

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: Yahoo! Finance
Credit: ra2 studio/Shutterstock. · Power Technology · ra2 studio/Shutterstock. GlobalData Fri, February 14, 2025 at 4:33 PM GMT+1 2 min read In This Article ORA Ormat Technologies has secured two 15-year tolling agreements for energy storage facilities in Israel in a significant entry to the country's utility-scale energy storage market. The projects will be developed in partnership with Allied Infrastructure, a multi-disciplinary specialist contractor. The facilities will have a combined capacity of 300MW/1200 megawatt hours under the tolling agreements. Ormat Technologies CEO Doron Blachar stated: “We are delighted to announce the award of these two tolling agreements, marking another key strategic milestone for our growing energy storage business. “These long-term agreements highlight our team's ability to advance and execute Ormat's energy storage portfolio expansion strategy. The tolling agreements for these two assets will further enhance the company's Show less Read more
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